X5 Retail Group
Market Cap
€8.9b
Last Updated
2020/02/19 23:39 UTC
Data Sources
Company Financials +
Executive Summary
X5 Retail Group N.V. creates, develops, and operates grocery retail stores primarily in Russia.
Rewards
Risk Analysis
Snowflake Analysis
Reasonable growth potential and slightly overvalued.
Similar Companies
Share Price & News
How has X5 Retail Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FIVE has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
1.3%
FIVE
2.1%
AT Consumer Retailing
0.1%
AT Market
1 Year Return
32.5%
FIVE
1.8%
AT Consumer Retailing
4.3%
AT Market
Return vs Industry: FIVE exceeded the Austrian Consumer Retailing industry which returned 1.8% over the past year.
Return vs Market: FIVE exceeded the Austrian Market which returned 4.3% over the past year.
Shareholder returns
| FIVE | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.3% | 2.1% | 0.1% |
| 30 Day | 3.5% | 2.0% | -0.3% |
| 90 Day | 5.7% | 2.1% | 0.2% |
| 1 Year | 39.0%32.5% | 5.9%1.8% | 8.1%4.3% |
| 3 Year | n/a | 6.8%-3.9% | 25.9%14.5% |
| 5 Year | n/a | 10.5%-6.4% | 53.9%32.6% |
Price Volatility Vs. Market
How volatile is X5 Retail Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is X5 Retail Group undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: FIVE (€31.21) is trading below our estimate of fair value (€85.12)
Significantly Below Fair Value: FIVE is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: FIVE is poor value based on its PE Ratio (22.2x) compared to the Consumer Retailing industry average (21x).
PE vs Market: FIVE is poor value based on its PE Ratio (22.2x) compared to the Austrian market (14.2x).
Price to Earnings Growth Ratio
PEG Ratio: FIVE is poor value based on its PEG Ratio (1.5x)
Price to Book Ratio
PB vs Industry: FIVE is overvalued based on its PB Ratio (5x) compared to the XE Consumer Retailing industry average (1.6x).
Next Steps
Future Growth
How is X5 Retail Group forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?
14.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FIVE's forecast earnings growth (14.8% per year) is above the savings rate (-0.1%).
Earnings vs Market: FIVE's earnings (14.8% per year) are forecast to grow faster than the Austrian market (9.8% per year).
High Growth Earnings: FIVE's earnings are forecast to grow, but not significantly.
Revenue vs Market: FIVE's revenue (8.9% per year) is forecast to grow faster than the Austrian market (2.7% per year).
High Growth Revenue: FIVE's revenue (8.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FIVE's Return on Equity is forecast to be high in 3 years time (23.7%)
Next Steps
Past Performance
How has X5 Retail Group performed over the past 5 years?
18.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FIVE has high quality earnings.
Growing Profit Margin: FIVE's current net profit margins (1.6%) are lower than last year (1.9%).
Past Earnings Growth Analysis
Earnings Trend: FIVE's earnings have grown by 18.4% per year over the past 5 years.
Accelerating Growth: FIVE's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: FIVE had negative earnings growth (-4.2%) over the past year, making it difficult to compare to the Consumer Retailing industry average (-0.7%).
Return on Equity
High ROE: Whilst FIVE's Return on Equity (22.69%) is high, this metric is skewed due to their high level of debt.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is X5 Retail Group's financial position?
Financial Position Analysis
Short Term Liabilities: FIVE's short term assets (RUB148.6B) do not cover its short term liabilities (RUB328.4B).
Long Term Liabilities: FIVE's short term assets (RUB148.6B) do not cover its long term liabilities (RUB569.6B).
Debt to Equity History and Analysis
Debt Level: FIVE's debt to equity ratio (192.9%) is considered high.
Reducing Debt: FIVE's debt to equity ratio has increased from 114.4% to 192.9% over the past 5 years.
Debt Coverage: FIVE's debt is well covered by operating cash flow (57.4%).
Interest Coverage: FIVE's interest payments on its debt are not well covered by EBIT (2x coverage).
Balance Sheet
Inventory Level: FIVE has a high level of physical assets or inventory.
Debt Coverage by Assets: FIVE's debt is not covered by short term assets (assets are 0.7x debt).
Next Steps
Dividend
What is X5 Retail Group's current dividend yield, its reliability and sustainability?
4.09%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: FIVE's dividend (4.23%) is higher than the bottom 25% of dividend payers in the Austrian market (1.58%).
High Dividend: FIVE's dividend (4.23%) is low compared to the top 25% of dividend payers in the Austrian market (4.47%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, FIVE has been paying a dividend for less than 10 years.
Growing Dividend: FIVE's dividend payments have increased, but the company has only paid a dividend for 2 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (93.8%), FIVE's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: FIVE's dividends in 3 years are forecast to be covered by earnings (82.5% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.9yrs
Average management tenure
CEO
Igor Shekhterman (49yo)
4.3yrs
Tenure
₽347,000,000
Compensation
Mr. Igor Shekhterman has been the Chief Executive Officer and Member of Management Board at X5 Retail Group N.V. of Alfa Group Consortium since November 12, 2015 and serves as its Chairman of Management Bo ...
CEO Compensation Analysis
Compensation vs Market: Igor's total compensation ($USD5.42M) is above average for companies of similar size in the Austrian market ($USD2.45M).
Compensation vs Earnings: Igor's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of Management Board | 4.3yrs | ₽347.00m | 0.013% RUB1.1m | |
| Corporate Secretary and Member of Management Board | 0yrs | ₽33.00m | no data | |
| Chief Financial Officer | 2.7yrs | no data | no data | |
| Member of the Management Board | 0.8yrs | no data | no data | |
| Head of Corporate Finance & IR | 0yrs | no data | no data | |
| Chief Information Officer | 0.08yrs | no data | no data | |
| General Counsel | 0yrs | no data | no data | |
| Corporate Communication Director | 5.1yrs | no data | no data | |
| Director of Human Resources & Organisational Development | 1.1yrs | no data | no data | |
| Head of Public Relations | 0yrs | no data | no data |
1.9yrs
Average Tenure
49yo
Average Age
Experienced Management: FIVE's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Member of Supervisory Board | 1.5yrs | ₽4.00m | no data | |
| Member of Supervisory Board | 13.8yrs | no data | no data | |
| Chairman of Supervisory Board | 4.3yrs | ₽39.00m | 0.046% RUB4.1m | |
| Member of Supervisory Board | 4.3yrs | ₽13.00m | 0.0014% RUB123.8k | |
| Member of Supervisory Board | 1.5yrs | ₽4.00m | no data | |
| Supervisory Board Member | 1.1yrs | no data | no data | |
| Member of Supervisory Board | 4.8yrs | ₽35.00m | 0.0081% RUB725.7k | |
| Vice Chairman of Supervisory Board | 0.9yrs | ₽24.00m | 0.0028% RUB247.5k | |
| Member of Supervisory Board | 3.8yrs | no data | no data |
3.8yrs
Average Tenure
49yo
Average Age
Experienced Board: FIVE's board of directors are considered experienced (3.8 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
X5 Retail Group N.V.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: X5 Retail Group N.V.
- Ticker: FIVE
- Exchange: WBAG
- Founded: 1975
- Industry: Food Retail
- Sector: Consumer Retailing
- Market Cap: US$9.613b
- Listing Market Cap: US$8.904b
- Shares outstanding: 271.54m
- Website: https://www.x5.ru
Number of Employees
Location
- X5 Retail Group N.V.
- Parkstraat 20
- The Hague
- Zuid-Holland
- 2514 JK
- Netherlands
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| FIVE | LSE (London Stock Exchange) | Yes | SPONS GDR REGS | GB | USD | May 2005 |
| PJP | DB (Deutsche Boerse AG) | Yes | SPONS GDR REGS | DE | EUR | May 2005 |
| FIVE | MISX (Micex - Rts) | Yes | SPONS GDR REGS | RU | RUB | May 2005 |
| FIVEL | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | SPONS GDR REGS | GB | USD | May 2005 |
| FIVE | WBAG (Wiener Boerse AG) | Yes | SPONS GDR REGS | AT | EUR | May 2005 |
Biography
X5 Retail Group N.V. creates, develops, and operates grocery retail stores primarily in Russia. As of November 11, 2019, the company operated 15,752 company-operated stores under the Pyaterochka, Perekrestok, and Karusel brands. It also engages in wholesale operations and online retail, as well as providing franchise and other services. The company was founded in 1975 and is headquartered in The Hague, the Netherlands.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/19 23:39 |
| End of Day Share Price | 2020/02/19 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.